The project is located in the province of Chubut in the south of Argentina

The loan documentation was signed in December 2018. The financing was completed in January 2019 and is partially secured by an ECA guarantee from the German export credit agency Euler Hermes. The wind park is indirectly owned by the French company Total Eren SA, a leading independent power producer (IPP) for renewable energy. Total Eren also developed the project himself. Upon completion, it will provide a total output of 50.4 MW generated by 14 Senvion wind power generators, each with 3.6 MW.

Founded in 2012, Total Eren owns more than 1,700 MW of wind, solar and hydropower plants that are in operation or under construction worldwide. Together with local developers, Total Eren is currently developing numerous energy projects in regions with a growing need for renewable energy, such as in Latin America, Africa and the Asia-Pacific region

The leading partner Stefan Kilgus comments: “We are very pleased to have advised the lenders on a third non-recourse project financing project in Argentina. We are particularly pleased that we were again allowed to work on a Total Eren project. This mandate underscores the significant role and capacity of WFW in international energy projects, particularly in Latin America and Argentina. “

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